Post Utme Futa 2018 Commerce Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Futa Commerce examination.

Post Utme Futa 2018 Commerce Objective / Multiple Choice
Question 26 POST_UTME_FUTA • 2018 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. What is the main advantage of this separation?

Answer Options

Correct Answer A. Limited liability
B. Separate taxation
C. Easier business closure
D. Increased business funding
Correct Answer
A
Correct Option:
Limited liability

About This Question

This is Post Utme Futa 2018 Commerce Question 26. It is one of the objective questions from the 2018 Post Utme Futa Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support